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If you’re like most pet owners, you consider your furry friend to be a part of the family. And just like any other member of your family, you want to make sure they’re taken care of in case something happens. That’s where pet insurance comes in. Australian vet expenses can be expensive, so it’s important to have coverage in case something happens to your pet. In this article, we’ll discuss the importance of pet insurance and factors to consider when choosing a policy.
First of all, it’s important to understand that not all pet insurance policies are created equal. So, it’s important to do your homework before you purchase a policy.
Annual Limit
Consider how much coverage you need. Policies can range from $500 to $20,000 in cover per year, so it’s important to choose one that suits your needs. Others have annual limits, which means that they’ll only pay a certain amount per year for vet bills.
Percentage of Cover
It’s important to check the percentage of cover that the policy offers as well. Most policies offer 80% to 90% cover, but there are some that offer as little as 60%. PetsOnMe covers 100% of an eligible vet bill, which is great for peace of mind.
Exclusions
Be sure to check the exclusions on any policy you’re considering. Some policies don’t cover hereditary conditions, while others don’t cover routine care like vaccinations and flea/tick treatments. PetsOnMe does cover Vaccinations and Desex under the Wellness Benefit
Sub-limits
Finally, be aware of any sub-limits that may apply. A lot of policies have a maximum amount that they’ll pay out for a particular condition, so if your pet needs expensive treatment, you could end up footing the bill yourself.
So, what happens if your pet needs expensive treatment? Well, if the treatment exceeds the policy limit, you’ll have to pay the remaining balance yourself. This is where pet insurance can be really helpful.
Some policies have exclusions on certain ailments such as hereditary conditions or cruciate ligament.
Claims
The claims experience is also an important factor and some insurers can take several weeks to process a claim. So, it’s important that you research the company and read the fine print before purchasing a policy.
Breed-Specific Conditions
Finally, try to understand the common issues that your pet’s breed has and look for a policy that covers these. For example, some breeds of dogs are more prone to hip dysplasia and you’ll want to make sure that your policy covers this.
Ultimately, pet insurance is an important way to protect your furry friend from expensive vet bills. So, make sure you do your research and choose a policy that’s right for you and your pet
Information provided on this website is General Advice only and does not take into account your personal objectives, financial situation or needs. Before purchasing any financial product, you should always read the Product Disclosure Statement to ensure the product is suitable for your needs. For the avoidance of doubt, the insurance products offered via this site concern only Australian-based risks and are not available to individuals located in the EU. We use cookies to optimise the design of our websites. By continuing your visit on this website, you consent to the use of cookies. Find out more about cookies and how we use them here
